5034 stories by Todd Shriber
Spotlight Sports Boosts Fantasy Sports Footprint in Alarm Sports Network Acquisition
Spotlight Sports Group said today it's acquiring FA Media LLC, the parent company of Alarm Sports Network, in an all-cash deal aimed at bolstering the buyer's presence in the fantasy sports space. Owned by Exponent Private Equity, Spotlight Sports is a provider...
Playtika Paying $600M for Redecor App Parent Reworks
Mobile gaming company Playtika (NASDAQ:PLTK) is spreading its wings beyond the gaming space in its $600 million purchase of design entertainment app purveyor Reworks. The Israeli company said late Monday it's acquiring Finland-based Reworks, the owner of the popular design entertainment mobile...
Skillz Stock Pops on Increasing WallStreetBets Mentions
Skillz (NYSE:SKLZ) stock is soaring Wednesday as the mobile games provider receives increasing attention on popular financial social media sites, including Reddit's notorious WallStreetBets. In early trading, shares of the esports tournament provider are higher by more than nine percent on volume...
Canada Could Be $2B Sports Betting Market, Say Research Firms
Single-game sports wagering is just a few days old in Canada. But that's not preventing some research firms from forecasting big things for the newest addition to the North American sports wagering market. The Safe and Regulated Sports Betting Act went into...
Elys Game Technology Stock Surges After Company Wins DC Sports Betting License
Elys Game Technology (NASDAQ:ELYS) stock is higher by 31 percent in midday, residing at its highest levels in more than five months. That's after the company landed a sports betting permit in Washington, DC. Reports don't indicate when the Canadian gaming technology...
Wynn Interactive CEO Billings Open to Mergers and Acquisitions
Wynn Interactive is nearing its debut as a public company, and ahead of that launch, CEO Craig Billings is open to merger and acquisition opportunities. In an interview with Bloomberg, Billings says the upstart online gaming unit of Wynn Resorts (NASDAQ:WYNN) is...
Another Sports Betting ETF Is Heading to Market
In the latest sign of enthusiasm for the next generation of gaming equities, a second sports wagering exchange-traded fund (ETF) could soon come to market. ETF Series Solutions (ESS), a multiple series trust (MST), filed plans with the Securities and Exchange Commission...
BetMGM, FOX Bet, Two Others Becoming NFL-Approved Sportsbook Operators
Today, the NFL struck deals with BetMGM, FOX Bet, PointsBet, and WynnBET as approved sportsbook operators for the 2021 season. Financial terms of the agreements weren't disclosed, but the gaming firms are paying the NFL for the privilege. The companies are eligible...
Resorts World Las Vegas Generates $650K in Daily EBITDA During First Week
Resorts World Las Vegas notched $650,000 in daily earnings before interest, taxes, depreciation and amortization (EBITDA) during its first week in business, according to operator Genting Berhad. The Malaysian industrial conglomerate highlighted the results for its first Sin City venue in its...
NFL Forecasts $270M in 2021 Revenue from Casino, Sportsbook Agreements
The NFL, a league once stridently opposed to gambling, estimates it will generate $270 million in revenue this year through agreements with casino companies and sportsbook operators. That figure potentially surges to $1 billion during the current decade. Since the the 2018...
